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Macroeconomic uncertainties, prudent debt targets and fiscal rules
Fall, Falilou; Fournier, Jean-Marc - 2015
The sharp rise in debt experienced by most OECD countries raises questions about the prudent debt level countries should target. It also raises questions about the fiscal frameworks needed to reach them and to accommodate cyclical fluctuations along the path towards a prudent debt target. The...
Persistent link: https://www.econbiz.de/10011399529
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Bringing French Public Debt Down : The Options for Fiscal Consolidation
Égert, Balázs - 2012
significant potential for cutting tax expenditures. Furthermore, eliminating distortions in the tax base would encourage economic …
Persistent link: https://www.econbiz.de/10013100902
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The Taxation of Internationally Portable Pensions : Fiscal Issues and Policy Options
Genser, Bernd - 2016
environment. While pension scheme redesign has received much attention, the tax treatment of contributions, returns, and benefits …
Persistent link: https://www.econbiz.de/10012998722
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Government debt indicators : understanding the data
Bloch, Debra; Fall, Falilou - 2015
There is no single “best” indicator for analysing general government debt. This paper examines the various issues in defining and measuring debt, and explores other data which could be useful, both within and beyond the general government debt concept, to better track and analyse fiscal...
Persistent link: https://www.econbiz.de/10011399482
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Limits to government debt sustainability
Fournier, Jean-Marc; Fall, Falilou - 2015
The recent euro area sovereign debt crisis has shown the importance of market reactions for the sustainability of debt. The objective of this paper is to calculate endogenous government debt limits given the markets assessment of the probability to default. The estimated primary balance reaction...
Persistent link: https://www.econbiz.de/10011399483
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Fiscal constitutions : an empirical assessment
Blöchliger, Hansjörg; Kantorowicz, Jaroslaw - 2015
Fiscal constitutions comprise the set of rules and frameworks guiding fiscal policy that are enshrined in a country’s fundamental laws. This paper compares the fiscal constitutions of 15 federal countries by empirically assessing five building blocks: 1) the power of sub-national governments...
Persistent link: https://www.econbiz.de/10011399580
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Russia : progress in structural reform and framework conditions 2011 - 13
Vaziakova, Yana - 2015
Since 1995 when OECD began conducting Economic Surveys of the Russian Federation many policy recommendations relating to structural reform and framework conditions have been made. This paper is an update of an earlier paper that described actions taken up to October 2011 (Vaziakova et al.,...
Persistent link: https://www.econbiz.de/10011399592
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Improving public sector efficiency for more inclusive growth in Latvia
Klein, Caroline; Price, Robert W. - 2015
to achieve convergence of policy outcomes to OECD upper standards is challenging. Efficiency gains in the tax system … could bring additional revenues. The tax base should be expanded by reducing informality, strengthening tax administration … unemployment and income inequality, the tax-benefit system should also be revised as it is now relatively regressive and the tax …
Persistent link: https://www.econbiz.de/10011399630
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Ensuring debt sustainability amid strong economic uncertainty in Hungary
Beynet, Pierre; Kierzenkowski, Rafał - 2012
Despite a deep recession in 2009 and weak growth in subsequent years, Hungary’s fiscal position compares favourably with many other OECD countries. Nonetheless, the underlying fiscal balance started deteriorating in 2010 and 2011. Recognising this, Hungary’s government launched an ambitious...
Persistent link: https://www.econbiz.de/10009690137
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Assessing the sensitivity of Hungarian debt sustainability to macroeconomic shocks under two fiscal policy reactions
Beynet, Pierre; Paviot, Edouard - 2012
5-year horizon, a stochastic debt simulation has been conducted by applying random shocks derived from historical …
Persistent link: https://www.econbiz.de/10009690186